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Biography Bosideng Bosideng UK layoffs manufacturing process moved back to China
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Biography Bosideng Bosideng UK layoffs manufacturing process moved back to China
                            
Bosideng International Holdings Ltd. (3998.HK) Bosideng is laying off jobs in the United Kingdom. British industry media Drapers quoted sources said Bosideng (3998.HK) the layoffs mainly for the company's headquarters in Bradford, London and the only international flagship store in London, procurement and design team, including Bradford Three German buyers, a design assistant and design director, and at least one designer in London. The purchasing and design team was set up last summer, Amelia Pretious as design director, its responsible Bosideng 2014 autumn and winter series was first released in New York Fashion Week in February this year. The chaussure nike air max 97 news that local staff was informed that Bosideng (3998.HK) all series will no longer be manufactured in the UK, the Chinese team will take over the relevant responsibilities. The UK is the first major market for Bosideng (3998.HK) to expand internationally. On July 26, 2012, just before the opening canada goose pas cher homme of the London Olympic Games, the London flagship store, which cost a total of 35 million pounds, was formally opened for international expansion. Bosideng (3998.HK) Chief Executive Officer Zhu Wei revealed in early 2013 that the Bosideng brand may enter air max 2015 London's high-end shopping centers early in the year to speed up its expansion in Europe. However, market news that the London flagship store sales as expected, the European expansion plan was also forced to shelve. cheap luxury bags A month later, Zhu Wei told Reuters in an interview that the London store 'may not be profitable in the short term.' He said the company values long-term goals, not short-term profits, so far sales in the UK are Botas cortas UGG in line with expectations. 'This is the company's strategic move, and when we make a decision we have to look to the future for the next five to 10 years and not for the next year or two, the two-year branch may not be profitable.' In October 2013, Bosideng (3998.HK) spent 40 million yuan to buy British men's brand Greenwoods. In January, Bosideng (3998.HK) landed in the US market to open the Bosideng brand guerrilla store at Rothmans Men's Store in Manhattan's Union Square and hold a static release during New York Fashion Week. Bosideng (3998.HK) is said to be looking for a place to shop in scarpe asics Manhattan and has hired a number of industry veterans and public relations firms to take care of its U.S. market. Former Hugo Boss and Joseph Abboud executives who serve as US consultants to Bosideng Marty Staff said Bosideng plans to visit 15-20 upscale retailers by the autumn of this fall and plans michael kors bags to open temporary stores in Las Vegas, Los Angeles and Miami in the spring. As for Manhattan's independent stores, which are currently being addressed, Bosideng Sac de voyage femme will not hire, but buy real-estate directly, just as in London. In early March, Bosideng (3998.HK) finally launched its European expansion. Following Bosideng London, Bosideng Plus Zero launched a new European brand in Italy. Headquartered in Rome, Bosideng Plus Zero will be based in Italy, but still made in China, which is said to be mainly distributed in Europe. According to statistics, for the first half of fiscal year ended September 30, 2013, Bosideng (3998.HK) revenue declined 8.8% YoY to RMB2809.2m and gross profit margin surged 380 basis points to 49.4%  YoY Up 3.1% to RMB326.1 million, or earnings per share of RMB4.10. At the end of March, Bosideng (3998.HK) issued a profit warning indicating that its forecast consolidated revenue for the fiscal year ended March 31, 2014 will show a low double-digit decline from the same period in 2013, mainly due to the highly competitive down-feather sector and In winter 2013, temperatures in most parts of China were higher than normal winter. In addition, Bosideng (3998.HK) expects full-year net profit to decline more than revenue due to the continuous rise in operating expenses of the Group. Statement: Bosideng Bosnia and Herzegovina UK laid off the manufacturing process to move back to China Content collected by the 'China Apparel Network Content Department' from the Internet, and have a clear source of source indicate the source, if you disagree with the ownership of this article, please contact We, once verified, we will change immediately! page flip
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